Credit and the Consumer: Unit 3 pre-Test

Because Mr. Parker is ..., his application for a loan is approved.

• creditworthy

• profile

• on time

• character

The bank uses a ... to find out how prospective borrowers repaid their past debts.

• profile

• loan agreement

• credit bureau

• budget

The other name for credit bureau is ...

• reporting agency

• character

• passbook loan

• loan agreement

Three kinds of data that the computer at the reporting agency has are ...

• a person's background

• a person's history of borrowing and repayment

• a person's employment record

• a person's family background

Jen wants to buy a camera. Which method will let her buy now and pay later?

• check

• cash

• credit card

• money transfer

Which of the following is an advantage of using a check to pay bills?

• You can buy now and pay later.

• The money is transferred immediately.

• You can pay using money in your account.

• You may have to pay interest on the amount.

Angelina made a chart to compare the cost of buying a game console using different payment methods.

The total cost of buying a game console online using automatic payments: _____ x (________+________) =

Tags

CCSS.6.NS.B.4

Angelina made a chart to compare the cost of buying a game console using different payment methods.

The total cost of buying a game console at Ed’s Discount Store is _________________.

Tags

CCSS.6.NS.B.3

Angelina made a chart to compare the cost of buying a game console using different payment methods.

The total cost of buying a game console using a credit card:

__________+___________=_________

Tags

CCSS.6.NS.B.3

Which of the following is NOT an advantage of using a debit card as your payment method?

• You can buy now and pay later.

• A personal identification number helps keep your account safe.

• It is convenient to carry around.

• You are less likely to overspend.